The Bose Corporation is a privately-held American company based in Framingham, Massachusetts that specializes in audio equipment.
100 percent of its profits are reinvested back into the company.
The company was founded in 1964 by Amar G. Bose, a professor of electrical engineering (who retired in 2005) at the Massachusetts Institute of Technology. As of 2005, the company employed about 8,000 people worldwide (2,000 in Massachusetts) and had revenues of over $1.8 billion.
In 1956, while a graduate student at MIT, Amar Bose purchased a high-end stereo system and was disappointed when it failed to meet his expectations. He later began extensive research aimed at fixing what he saw as fundamental weaknesses plaguing high-end audio systems. The principal weakness, in Bose's view, was that the overall design of the electronics and speaker failed to account for psychoacoustics, i.e. the listener is part of the system. Eight years later, he started the company, charging it with a mission to achieve Better Sound Through Research (which is also the company's slogan).
In 1984 the original Wave system, called the Acoustic Wave Music System (AW), was Bose's first-ever tabletop radio. It utilized two 2" drivers (speakers), a cassette player, and an AM/FM radio into a mid-sized tabletop stereo system.
In 1993, the Wave Radio was introduced. It was even more compact then the Acoustic Wave, and still used 2 2" drivers (speakers).